CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans
Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how you slice it.

Plans for 2016 are trickling out ahead of Q4’15 earnings season, and some of the biggest names in the business continue to pull back on operational activity. Hess Corp. (ticker: HES, www.hess.com) announced its 2016 budget of $2.4 billion is 40% below its 2015 spending levels and 20% below ...


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